Neicheva, Maria (2007): Non-Keynesian effects of Government Spending: Some implications for the Stability and Growth Pact.
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The paper focuses on the non-Keynesian effects of fiscal policy, specifically government expenditure on output in Bulgaria. The main finding of the study is that the size of the fiscal impulse is the most important determinant of the non-Keynesian outcome. Also, the results imply that the “balanced-budget rule” does not automatically assure growth; the regulations regarding the budgetary categories themselves should also be considered.
|Item Type:||MPRA Paper|
|Institution:||Burgas Free University|
|Original Title:||Non-Keynesian effects of Government Spending: Some implications for the Stability and Growth Pact|
|Keywords:||Fiscal policy; Non-Keynesian effects; balanced-budget rule; Stability and Growth Pact|
|Subjects:||E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook > E62 - Fiscal Policy|
|Depositing User:||Maria Neicheva|
|Date Deposited:||11. Oct 2007|
|Last Modified:||14. Feb 2013 00:51|
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